On July 21, Li Difan, vice-chairman of the European Union Chamber of Commerce in China, met with a delegation from the European Parliament's Foreign Affairs Committee led by McAllister. Li Difan explained the main economic trends affecting European companies' operations in China. In the past few years, due to factors such as the real estate crisis, insufficient consumer confidence, and strong policy orientation using production as the driving force for growth, the imbalance between supply and demand has been remarkable, leading to unsustainable domestic competition and a sharp increase in the scale of exports. Affected by these trends, business confidence in European companies fell to a historically low level, but may have bottomed out and shown signs of recovery, thanks to structural adjustments carried out by companies to deal with this situation. Li Difan said that despite continuing challenges, China is still an important market for European companies, based on its ability to innovate, industrial ecology and procurement advantages. He also put forward a series of suggestions to EU policymakers, including introducing measures to protect Europe's key strategic industries, enhance Europe's own competitiveness, and continue to communicate with China. Afterwards, the two sides held exchanges, discussions and questions and answers.

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